SCMDOJO

MARCH 12, 2025

One negotiation strategy that often plays a crucial role in achieving practical outcomes is compromising negotiation. While often perceived as a middle-ground approach, supply chain negotiation strategies require strategic application to ensure long-term value and sustainability. Case Study Reference: Fmwgn, ljd.

Negotiation 52

Negotiation Supply Chain Efficiency Supply chain Strategy 52

Procurement Tactics

MAY 30, 2023

This can lead to long-term partnerships and improved supplier performance, ensuring a reliable supply of goods and services. This includes anti-corruption laws and sustainability requirements. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Procurement Tactics

JUNE 28, 2023

Negotiation Course Learn from industry experts who negotiated billion $ deals 2. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Empowering CPO

JUNE 22, 2023

Introduction In the contemporary business landscape, the value of strategic decision-making and sustainable operations cannot be overstated. Two critical aspects that play a pivotal role in this regard are Spend Analysis and Sustainable Procurement. EmpoweringCPO stands at the forefront of facilitating this synergy.

Sustainability 52

Sustainability Procurement Supplier consolidation Supply Chain Efficiency 52

Procurement Insights

APRIL 3, 2025

Unique Benefits: Efficient Sourcing and Negotiation: ProcurEngine automates reverse auctions and RFx (Request for Proposal/Quotation) processes, enabling faster and more competitive supplier negotiations, which can lower procurement costs.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. Make a real impact in ESG and sustainability Procurement is not just about reducing costs ; it’s also about driving innovation and embracing sustainable practices.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Una

MARCH 30, 2023

On the other hand, a CPO who reports directly to the CEO is more likely to align their team’s activities with a wider array of business goals such as risk reduction, sustainability, and diversity targets. This can involve sourcing from suppliers with strong environmental policies, reducing packaging waste, and improving energy efficiency.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Una

MARCH 6, 2023

How to innovate: Identify your organization’s most pressing non-financial priorities (such as sustainability) and re-work your criteria to attract suppliers that match this need. Negotiate in areas other than pricing If a supplier negotiation has reached an impasse, this doesn’t necessarily mean it is doomed to failure.

Purchasing 98

Purchasing Innovation Agile and Lean Supply Chain Supplier relationship management 98

Procurement Insights

MARCH 16, 2025

Smart Supplier Recommendations & Risk Analysis AI models track historical supplier interactions, contract performance, and risk factors to provide real-time recommendations. MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

OCTOBER 24, 2024

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

e2e 119

e2e Data interpretation Buyers Data 119

SCMDOJO

OCTOBER 7, 2024

In addition, management commitment, and continuous improvement that includes process optimization, digitalization, supplier negotiation, and customer feedback can reap the rewards. Resource Management Cost efficiency focuses on resource management such as inventory controls, supplier negotiation, staff training, and development.

Supply Chain Efficiency 92

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 92

Procurement Templates

APRIL 15, 2024

This can be beneficial in procurement when building relationships with suppliers, negotiating deals, and resolving conflicts. Communication: Good communication skills are often associated with extraversion, which can aid in conveying requirements clearly to suppliers and understanding their offerings effectively.

Influencing 130

Influencing Negotiation Risk Innovation 130

ivalua

MARCH 9, 2023

S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

SCMDOJO

DECEMBER 14, 2023

Navigating Complex Negotiations: When the intricacies of supplier negotiations become overwhelming, a sourcing agency can be your strategic ally. Sourcing agencies bring to the table a set of finely honed negotiation skills that can make a substantial difference in the financial aspect of procurement.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Una

MARCH 23, 2023

Explore: Una’s Supplier and Contract Portfolio Source locally Sourcing products and services locally won’t always be possible but it’s certainly worth looking into. Sourcing locally reduces transportation time, costs, supports the local economy, and promotes sustainability.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Una

APRIL 13, 2023

Help suppliers understand your organization’s goals and strategy by inviting them to strategy days – this will enable them to come up with innovative ways to help you meet your goals.

Suppliers 98

Suppliers Supplier relationship management Agile and Lean Supply Chain Supply Chain Optimization 98

Procurement Insights

MAY 25, 2024

How do you do a cost justification analysis or negotiate a user fee that both you and the provider can feel good about? I have one more point to add—and this question is based on actual research—are said savings sustainable beyond the first year?

Sustainability 40

Sustainability Supply chain resilience Supply Chain Efficiency Data 40

IBM Supply Chain Blog

DECEMBER 13, 2023

In addition, a well-crafted procurement framework fosters innovation and sustainability. It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Primary Concerns & Objectives: Ensuring procurement efficiency and effectiveness Building a reliable and sustainable supply chain Minimizing procurement costs while maintaining quality Managing supplier relationships Sub-concerns & Objectives: Developing and implementing procurement policies and procedures Identifying and selecting qualified (..)

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Finale Inventory

JUNE 21, 2024

Moreover, the sustainability and ethical sourcing of raw materials have become increasingly important in the ecommerce industry. As a result, ecommerce businesses are under pressure to ensure that their raw material sourcing practices align with sustainability standards and ethical guidelines.

Raw materials 52

Raw materials Import Supply Chain Efficiency Inventory 52

Finale Inventory

JUNE 21, 2024

Moreover, the sustainability and ethical sourcing of raw materials have become increasingly important in the ecommerce industry. As a result, ecommerce businesses are under pressure to ensure that their raw material sourcing practices align with sustainability standards and ethical guidelines.

Raw materials 52

Raw materials Import Supply Chain Efficiency Supply Chain Optimization 52

Una

NOVEMBER 1, 2022

Investing in procurement technology , team training, and supplier relationship management will have greater rewards than short-term selections based on the lowest price or aggressive supplier negotiations. TCO takes into account the long-term costs and expenses incurred during a product’s useful life and eventual disposal.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. Make a real impact in ESG and sustainability Procurement is not just about reducing costs ; it’s also about driving innovation and embracing sustainable practices.

Procurement 52

Procurement supply chain budgeting Sustainability Negotiation 52

Procurement Templates

MARCH 3, 2024

Go to my page for the Sourcing Process Negotiations Conducting supplier negotiations effectively requires careful preparation, clear communication, and a collaborative approach aimed at achieving mutually beneficial outcomes.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Una

JULY 27, 2023

Environmental/Sustainability skills Procurement needs more individuals with knowledge and passion for environmental and sustainability practices. Sustainability managers, CSR managers, change managers, people from NFP backgrounds. Who would be a good fit? Who would be a good fit?

Procurement 52

Procurement Sustainability Contract Negotiation 52

Empowering CPO

JULY 17, 2023

It encompasses the intricate processes through which companies acquire the necessary goods and services to sustain and expand their operations. Strategic Sourcing : Identifying optimal suppliers, negotiating contracts, and nurturing long-term relationships.

Procurement 52

Procurement Supply Chain Optimization Supply Chain Efficiency Raw materials 52

SCMDOJO

APRIL 29, 2024

By streamlining processes, reducing costs, and improving customer satisfaction, companies can achieve higher profitability and sustainability. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.

Supply chain management 98

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain budgeting 98

The Procuretech Podcast

JUNE 18, 2024

DigiProc automates supplier negotiations for tactical and tail spend. Alpas AI offers AI-driven supplier discovery and sourcing. Daato consolidates ESG compliance and sustainability reporting. MySupply offers AI-driven tactical sourcing and negotiation. Supplios manages supplier relationships for direct spend.

supply chain software solutions 40

supply chain software solutions Procurement supply chain budgeting Eprocurement 40

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Avoid suppliers linked to human rights abuses or unsafe working conditions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Insights

DECEMBER 6, 2024

This lecture focuses on best practices in preparing for supplier negotiations, emphasizing the importance of cost transparency and strategic negotiation techniques. For a more in-depth understanding of Rod Sherkin’s insights on supply chain management and procurement, you can watch his interview on Supply Chain Now.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JUNE 14, 2023

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

JANUARY 17, 2024

Their ability to balance cost, quality, and supply chain sustainability directly impacts the overall success of the organization. As for majors, the top ones are: Business administration Engineering Supply chain Operations management The role of the manager is integral to the success of the supply chain.

Supply chain management 98

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 98

Arkestro

JULY 11, 2022

Arkestro provides Box with actionable insights to perform historical benchmarking; diverse spend analysis; environmental, sustainability and governing (ESG) reporting and more. As a result, Box has the information to continue to build a more inclusive and equitable supply base and measure the impact of that supply base. .

Suppliers 52

Suppliers Real-time Visibility Procurement Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Leveraging data-driven insights to identify top suppliers: The power of data-driven decision-making: Explain how spend analysis can provide insights into supplier performance, pricing trends, and strategic alignment. Regularly review key performance indicators (KPIs) to track progress and identify areas for enhancement.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Empowering CPO

MAY 4, 2023

With the growing emphasis on sustainability, ethical sourcing, and digital transformation, procurement is no longer just about cost reduction; it’s an essential function that can provide a strategic advantage to modern businesses. Prioritize Sustainability and Ethical Sourcing A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

Procurement strategy is the cornerstone for sustained growth when negotiating the complexity of today's corporate environments. This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Procurement Software

FEBRUARY 20, 2024

The platform aims to provide a one stop solution for sustainable insights. Digi Proc DigiProc is a Swedish startup offering a platform for automated supplier negotiations. It enables users to easily negotiate with all of their tactial and tail spend suppliers.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59